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All Forum Posts by: John Weidner

John Weidner has started 16 posts and replied 691 times.

Post: Flipping Houses

John WeidnerPosted
  • Chicago, IL
  • Posts 710
  • Votes 200

@Account Closed

Have to start somewhere. Just make sure you are solid on your repair #'s and the ARV.

What suburb or neighborhood?

Post: Chicago Meetup - November/December

John WeidnerPosted
  • Chicago, IL
  • Posts 710
  • Votes 200

See everyone tonight. 

@Brie Schmidt

yes metered and that's what I'm averaging 

@Ramon Moreno

$50 per unit sounds right in Chicago.  That is what I seem to be averaging 

Post: Door Hanger Campaign

John WeidnerPosted
  • Chicago, IL
  • Posts 710
  • Votes 200

How effective is this?  I was thinking of printing some up and keep them in my car to hang as Im driving around looking at houses.  

Im also a Licensed active realtor so Im pretty sure I have to disclose that on the hanger.

Appreciate any insight to the effectiveness of this.  

Post: Budget Breakers

John WeidnerPosted
  • Chicago, IL
  • Posts 710
  • Votes 200

it's pretty simple you have to know yor rehab costs and materials before setting the budget.

Lots of people twist the budget to make the property work for a flip and end up with zero profit.

Know your ARV and repair costs. Then you can control what you'll pay for the property

@Ibrahim Hughes

Congrats on the contract.  

@Ibrahim Hughes

I've never seen a carpenter pre build stairs off site then hoist them in place.  I've always done on site build. 

Any reason you took this tactic for the stair build?

Nice work.  Smart move finishing the basement - it shoukd sell much quicker.  Finishes look good 

@David Ross

Post: What types of properties do you WALK away from and why?

John WeidnerPosted
  • Chicago, IL
  • Posts 710
  • Votes 200

Low height basements.   

People want finished basements in my farm.   Unless its a screaming deal that will allow $ to excavate I try to avoid.